Singapore, 6 November (Argus) — Nymex crude futures crept above $80/bl in today's after-hours trade, recouping some of yesterday's losses.
At 08:30 GMT the front-month Nymex December WTI crude contract was at $80.20/bl, higher by 58¢/bl from its close yesterday when the contract fell by 78¢/bl.
The front-month Ice December Brent crude contract rose by 75¢/bl to $78.74/bl.
Nymex December heating oil rose by 1.26¢/USG to $2.0702/USG, while Nymex December RBOB gasoline rose by 1.22¢/USG to $1.9999/USG.
The market will be watching latest US unemployment data due out later today, gauging its impact on predictions of an economic recovery for the world's largest oil consumer.
Nymex crude prices have hovered around $80/bl this week, as optimism that a US economic recovery will boost oil demand is tempered by a continued overhang in supplies.
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